During the night session, SHFE tin prices first dipped and then rebounded, and some downstream enterprises placed low-priced orders [SMM Tin Morning Comment]

In yesterday's night session, the most-traded SHFE tin contract closed at 250,590 yuan/mt, down 1,640 yuan/mt, a decrease of 0.65%, with the highest price at 251,930 yuan/mt and the lowest at 248,540 yuan/mt.

During yesterday's morning session, quotes from trading companies for various domestic tin ingot brands showed little change compared to recent days. Small brand tin ingots were quoted at premiums of 0-500 yuan/mt against the SHFE 2410 contract, delivery brands at premiums of 200-700 yuan/mt, Yunnan Tin brand at premiums of 200-800 yuan/mt, and imported tin brands at discounts of 300-200 yuan/mt against the SHFE 2410 contract. Yesterday morning, tin prices fluctuated rangebound, with most downstream enterprises adopting a wait-and-see attitude. However, during the night session, tin prices fell, prompting some downstream enterprises to conduct modest stock replenishment or place low-priced orders. Most trading enterprises reported sporadic transactions, with a few trading a full truckload. Overall, activity in the night session spot market increased.